SM Energy Co — Director's Dealing 2010

Dec 17, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SM Energy Co (SM)
CIK: 0000893538
Period of Report: 2010-12-15

Reporting Person: Knott Kenneth J. (VP- Bus Dev & Land & Ass Sec)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-15	Common Stock: $.01 Par Value	M	742	—	Acquired	10791	Direct
2010-12-15	Common Stock: $.01 Par Value	F	196	$54	Disposed	10595	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-15	Restricted Stock Units	$	M	742	Disposed	2010-12-15	Common Stock (742)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of stock. This restricted stock unit grant vests in three equal annual installments beginning on December 15, 2008. The vested shares will be issued to the reporting person on the vesting dates, at which time all restrictions on the vested shares will lapse.